VIRUS / ROUNDUP 3: Lufthansa Group cuts flight schedule up to half
FRANKFURT – The Lufthansa Group is cutting back its flight schedule due to the sharp drop in demand as a result of the Corona epidemic. In the next few weeks, the capacity should be reduced by up to 50 percent, the company said on Friday in a mandatory announcement to the stock exchange. One wants to observe the further development of the demand. The measure serves to reduce the financial consequences of the slump in demand.
SAP CFO Mucic: higher margins in the cloud business ‘absolutely feasible’
FRANKFURT – The SAP number master Luka Mucic gives investors of the software company hope for higher profitability. In the promising areas of Software as a Service (SaaS) and Platform as a Service (PaaS), gross margins of more than 80 percent are “absolutely feasible”, said the CFO in an interview with the “Börsenzeitung” over the weekend. This would differentiate the areas from the Infrastructure as a Service (IaaS) field, which has less high margin potential.
AMS gets Osram CFO and confirms forecast
PREMSTÄTTEN / MÜNCHEN – The Austrian sensor specialist and new OSRAM majority shareholder ams is bringing the financial chief of his future daughter to the board. The current CFO at AMS, Michael Wachsler, will leave the board on May 31, as the company announced on Friday. Ingo Bank will take over this position from AMS from Osram on May 1.
Study: Car manufacturers face a fine of 3.3 billion euros from the EU
MUNICH – According to a study, ten car manufacturers face EU penalties of 3.3 billion euros next year for high CO2 levels. Short-term measures such as discounts for their electrified or particularly economical cars could hardly compensate for this, the industry experts at the management consultancy Deloitte in Munich explained. The names of the car makers were not mentioned.
VIRUS / ROUNDUP 2: Aviation and travel industry call for immediate measures
BERLIN – According to the industry association BDL, the economic damage caused by the corona epidemic to air traffic will be greater than previous crises. It is already visible that the consequences of the corona crisis are more serious than comparable declines in demand such as in the financial and economic crisis or as a result of the Sars virus, said the managing director of the Federal Association of the German Aviation Industry (BDL), Matthias von Randow. The DRV travel association also points to a slump in sales. Both the aviation and travel industries insist on rapid government aid. This includes the simplified use of short-time work.
^
Additional Reports
-After falling oil price: Saudi Aramco shares fall below issue price
-EU allows Vodafone and Telecom Italia to have joint masts
-ROUNDUP: Dortmund happily wins 2-1 in the top Bundesliga game
-Corona usury: Ebay prohibits protective masks and disinfectants
-Novartis receives US approval for Isturisa drug
-VIRUS / ROUNDUP: Aviation and travel industry call for immediate measures
-VIRUS: Facebook temporarily closes offices in London
-Boeing is said to pay millions in fines for illegal sensors
-New alliance for fast fiber and 5G expansion
-VIRUS: Apple boss Tim Cook offers employees home office
-ROUNDUP: Many people welcome health apps and digital prescriptions
-VIRUS: Daimler boss warns of economic foreclosure
-ROUNDUP 3/737-Max crashes: Congress committee sharply criticizes Boeing and FAA
-‘HB ‘: Thyssenkrupp wants Job cuts also finance with short-time work allowance
-VIRUS / ROUNDUP / Organizer: Air Show ILA takes place in May °
Customer notice:
ROUNDUP: You read a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.
/ edh
– .
